Jaypee

NCLAT declines to interfere with Jaypee Infratech resolution plan

The NCLT last year on March 7 approved Suraksha Realty's takeover of the debt-laden Jaypee Infratech dismissing three different appeals against the Rs 7,936 crore offer by the Mumbai-based company

JP Associates defaults on Rs 3,956 cr loans; says taking steps to cut debt

Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans worth Rs 3,956 crore, including principal and interest amount. In a regulatory filing, Jaiprakash Associates Ltd (JAL) informed that the company on April 30 defaulted on repayments of a principal amount of Rs 1,642 crore and interest of Rs 2,314 crore. The loans pertained to various banks, and the nature of the obligation is fund-based working capital, non-fund-based working capital, term loans and FCCB (foreign currency convertible bonds). JAL said that "the total borrowing (including interest) of the company is Rs 29,277 crore, repayable by 2037, against which only Rs 3,956 crore is overdue as on April 30, 2023". Out of the total borrowing, the company said Rs 18,106 crore will get further reduced on transfer to the proposed special purpose vehicle (SPV) for which the scheme of arrangement duly approved by all stakeholders is pending sanction of the NCLT. "The entire loan is in any case under ..

Jaiprakash Associates board meet to sell cement units on Monday

Dalmia Cement is a front runner to acquire the company apart from the Adani group and Aditya Birla group were also in the fray

Govt orders probe against Jaiprakash Associates, Jaypee Infratech

The Jaypee group has already sold many cement and power plants to reduce its debt

SC to hear Jaypee Group's plea against NCLAT order on bidding Friday

The top court said it will hear a plea of homebuyers along with the statutory appeal of Jaypee Group against the July 30 order of National Company Law Appellate Tribunal

Poorly assessed loan to Jaypee caused over Rs 10-bn NPA: CAG raps IIFCL

The loan was given to Jaypee Infratech in June 2015 and remained un-serviced to become a non-performing asset (NPA) in December 2016

Jaypee promoters submit over Rs 100 bn revival plan for Jaypee Infratech

Sources said the CoC is likely to deliberate over the bid at its meeting over the next two days

Jaypee Infra defaults on its loans

Company says it made losses of Rs 243 cr on revenues of Rs 2,799 cr mainly due to slowdown in economy

Jaypee sells cement biz to UltraTech for Rs 16,500 cr

Assets will give UltraTech access to newer markets of Satna, UP East, Himachal Pradesh and Coastal Andhra